Apple Stock Drops Sharply on Siri Delays and FTC Political Bias Probe

Apple Inc. experienced its worst trading day since April, as its shares saw a notable decline. This downturn comes amidst reports of significant delays in the development of its artificial intelligence assistant, Siri. Adding to the pressure, the tech giant is facing increased scrutiny from the Federal Trade Commission (FTC). Specifically, FTC chair Andrew Ferguson has urged an investigation into potential political bias within Apple's platforms. These combined factors have contributed to a bearish sentiment surrounding the company's near-term market performance.